PENDING
$15K PRICE DROP
38 Magnolia Dr Putnam, IL 61560
Estimated payment $2,737/month
Total Views
8,435
6
Beds
3
Baths
2,400
Sq Ft
$146
Price per Sq Ft
Highlights
- Lake Front
- Mature Trees
- Clubhouse
- Boat Dock
- Community Lake
- Deck
About This Home
218 FEET OF PRIVATE LAKEFRONT! Don't miss this rare opportunity to own a WATERFRONT home situated on beautiful Lake Thunderbird, just 2 hours southwest of Chicago! This 6 bedroom, 3 bath home with walkout basement is located on a quiet cul-de-sac on a highly sought after lot. THE WATERFRONT OF THIS PROPERTY IS SO VAST IT PROVIDES A PRIVATE SWIMMING COVE. Enter the home and your eyes will soon discover NEW engineered hardwood flooring, vaulted ceilings and loads of windows with amazing lake views throughout. The living room greets you and opens directly to the updated kitchen. The kitchen boasts white cabinetry, stainless steel appliances, a breakfast bar and walk-in pantry. An eating area also complements the space. The kitchen flows directly into the family room with wood burning fireplace, built-in shelving, and new French doors. Off the family room you will find two large bedrooms and a hall bath. The master suite is located on the opposite end of the home and is comprised of a large walk-in closet and master bath with double sinks, separate shower, and whirlpool tub. Head downstairs to another level of living. The walkout basement consists of a large bar, game area and a recreation room with a gas burning fireplace. Three sizable bedrooms and a bath are also located on the lower level, along with a laundry room and loads of storage. Head outside to the expansive deck that provides beautiful views of the lake. A few steps down and you are at the waterfront. The private driveway allows for loads of parking. A newer roof and siding, updated kitchen, tankless water heater and more add to the value of this home. Enjoy 112 ACRES OF LAKE, GUARDED SWIMMING POOL, PRIVATE BEACH, RENOVATED CLUBHOUSE, PARKS, NATURE TRAILS, VOLLEYBALL, BASKETBALL, TENNIS, MINI GOLF, DISC GOLF, FISHING, SPECIAL EVENTS AND MORE! Access to all the amenities are included in the low annual assessment. This is an estate sale. Home is clean and well-maintained and being sold As-Is. PLEASE NOTE: THE ADDRESS ON THE HOME IS 36 MAGNOLIA DRIVE, BUT THE HOMES CORRECT ADDRESS IS 38 MAGNOLIA DRIVE.
Listing Agent
Platinum Partners Realtors License #475141667 Listed on: 05/09/2025
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $9,212
Year Built
- Built in 1991
Lot Details
- Lot Dimensions are 198 x 151 x 278 x 273
- Lake Front
- Cul-De-Sac
- Paved or Partially Paved Lot
- Mature Trees
- Wooded Lot
HOA Fees
- $61 Monthly HOA Fees
Home Design
- Ranch Style House
- Asphalt Roof
- Concrete Perimeter Foundation
Interior Spaces
- 2,400 Sq Ft Home
- Built-In Features
- Bar
- Skylights
- Wood Burning Fireplace
- Gas Log Fireplace
- Window Screens
- Family Room with Fireplace
- 2 Fireplaces
- Living Room
- Combination Kitchen and Dining Room
- Recreation Room
- Water Views
Kitchen
- Breakfast Bar
- Range
- Microwave
- Freezer
- Dishwasher
- Stainless Steel Appliances
Flooring
- Wood
- Carpet
Bedrooms and Bathrooms
- 6 Bedrooms
- 6 Potential Bedrooms
- Walk-In Closet
- Bathroom on Main Level
- 3 Full Bathrooms
- Dual Sinks
- Whirlpool Bathtub
- Separate Shower
Laundry
- Laundry Room
- Sink Near Laundry
- Electric Dryer Hookup
Basement
- Basement Fills Entire Space Under The House
- Fireplace in Basement
- Finished Basement Bathroom
Parking
- 3 Parking Spaces
- Off-Street Parking
- Parking Included in Price
Outdoor Features
- Tideland Water Rights
- Deck
- Patio
- Shed
Location
- Property is near a park
Utilities
- Central Air
- Heating System Uses Propane
- Shared Well
- Septic Tank
Community Details
Overview
- Association fees include clubhouse, pool, lake rights
- Manager Association, Phone Number (815) 437-2757
- Lake Thunderbird Subdivision
- Property managed by LAKE THUNDERBIRD ASSOCIATION
- Community Lake
Amenities
- Clubhouse
Recreation
- Boat Dock
- Tennis Courts
- Community Pool
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $11,190 | $137,088 | $16,344 | $120,744 |
| 2023 | $9,212 | $119,946 | $14,300 | $105,646 |
| 2022 | $6,277 | $77,476 | $15,250 | $62,226 |
| 2021 | $6,095 | $74,189 | $14,603 | $59,586 |
| 2020 | $4,983 | $60,500 | $28,197 | $32,303 |
| 2019 | $4,801 | $57,899 | $27,563 | $30,336 |
| 2018 | $4,667 | $55,141 | $26,250 | $28,891 |
| 2017 | $454 | $54,030 | $26,250 | $27,780 |
| 2016 | $4,450 | $51,353 | $24,896 | $26,457 |
| 2015 | $3,971 | $50,719 | $24,589 | $26,130 |
| 2014 | $3,709 | $48,966 | $23,739 | $25,227 |
| 2013 | $3,897 | $51,598 | $25,015 | $26,583 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/12/2025 08/12/25 | Pending | -- | -- | -- |
| 07/17/2025 07/17/25 | Price Changed | $350,000 | -4.1% | $146 / Sq Ft |
| 05/09/2025 05/09/25 | For Sale | $365,000 | -- | $152 / Sq Ft |
Source: Midwest Real Estate Data (MRED)
Similar Homes in Putnam, IL
Source: Midwest Real Estate Data (MRED)
MLS Number: 12360306
APN: 03-00-070-040
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